Ireland facing into a ‘perfect storm’ of economic unrest following Trump victory and Brexit result

Ireland is facing into a “perfect storm” of economic unrest as a direct result of the fallout from Donald Trump’s election as US president and last summer’s Brexit referendum, it has been claimed.

Fianna Fáil leader Micheál Martin issued the warning amid growing unease over US plans to slash corporate tax rates in a bid to lure some of the 700 Irish-based companies back to America and ongoing concern over the potential Brexit impact.

Speaking as Finance Minister Michael Noonan began a week-long trip to Washington DC and Silicon Valley in California to hold high-level talks with the US treasury, IMF, World Bank and leading Irish-based firms, Mr Martin said the reality is the world economic market has now changed.